• Sale for the quarter was up by modest 3% to Rs 24.41 crore. However the value of production was higher by 23% to Rs 25.30 crore. Sale for the quarter was 3.5% lower than value of production. But the sale for the corresponding previous period was 15.8% higher than value of production. This reflects there is inventory built up during the quarter compared to earlier period inventory liquidation during the corresponding previous period.
  
• The operating profit margin at 2.8% for the quarter was down by 70 bps. Fall in OPM is largely due to higher material cost. The material cost including cost of traded goods as proportion to sales net of stocks was higher by 320 bps to 70.6%. However the staff cost was down by 40 bps to 18.3% and the OE was down by 140 bps to 8.4%. Though staff and OE was lower that is not good enough to completely offset the rise in material cost leading to fall in OPM.
  
• Other income was up by whopping 176% to Rs 0.16 crore. Thus the degrowth at PBIDT moderated at 6% to Rs 0.85 crore. The interest cost was up by 56% to Rs 1.25 crore and the depreciation was up by 31% to Rs 0.49 crore. Thus at PBT level it was a loss of Rs 0.89 crore higher than the loss of Rs 0.27 crore registered in corresponding previous period. The taxation was nil for the period as well as corresponding previous period. Thus at PAT level it was a loss of Rs 0.89 crore compared to a loss of Rs 0.27 crore in the corresponding previous period.
  
• On segment basis, while the equipments business has registered a revenue growth of 25% to Rs 22.86 crore (or 91% of sales) the segment revenue of electronic components business was down by 63% (to Rs 2.20 crore or 9% of sales).
  
• EBIT was down by 13% to Rs 1.19 crore as the segment profit of equipment was down by 16% to Rs 1.29 crore and continued loss in electronics components business. The segment loss of electronics components business was at Rs 0.10 crore compared to a loss of Rs 0.16 crore in the corresponding previous period.

Nine month performance

Sales jumped by 81% to Rs 54.13 crore. With OPM stand positive at 2.4% compared to negative 3.1% in the corresponding previous period, the operating profit was Rs 1.94 crore compared to a loss of Rs 1.66 crore in the corresponding previous period. Other income though stood higher, hit by higher interest and depreciation the PBT was a loss of Rs 2.76 crore compared to a loss of Rs 5.04 crore in the corresponding previous period. Taxation was nil for the period as well as corresponding previous period. Eventually at bottom-line the net loss was Rs 2.76 crore compared to a loss of Rs 5.04 crore in the corresponding previous period.

The stock hovers around Rs 84.25.